Scores of home owners in Florida and a dozen other states are facing foreclosure and are blaming toxic Chinese drywall for forcing them from their residences and into rental properties.
They're abandoning their mortgages to free up money for alternate housing and health care costs as a result of what some believe are hazardous gases released by the drywall, which allegedly could lead to respiratory infections and corroded wiring.
The U.S. Environmental Protection Agency recently tested both Chinese and U.S. drywall and found 10 times more strontium in the Chinese drywall than in U.S. drywall.
The agency, noting that no link between the drywall and home owners' claims has been uncovered yet, added that Chinese drywall also contained sulfur and elements found in acrylic paints, chemicals that were not detected in U.S. drywall.
Lenders are moving forward with foreclosures despite the fact that the affected homes have dramatically dropped in value. Some home owners are urging banks to partner with them to sue the drywall suppliers.
Source: CNN, Rich Phillips (05/19/09)
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